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142
Dec 26, 2012
12/12
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FBC
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italian elections coming up in february, german elections not far behind that, has to be seen whether angela merkel can survive that. does that give you cause for concern? >> there is no question about that. every election that has happened in the last two or three years, the incumbent has been evicted from office. you can worry about angela merkel, our guess is she is doing other than the rest of them and will survive, there's plenty to worry about that is what makes overall the market depressed and therefore attractive. ashley: you like the auto sector and insurance, tell us a little bit about that. >> insurance kind of our chicken way of finance. we are not comfortable with the euro banks we think the insurance companies are in much better shape, they came off of catastrophic losses last year so the p/e ratios are a little higher than they appear. not as high as they appear rather. this year or next year's estimate fairly reasonable and they mentioned a four and .5% yield roughly, it is an attractive package. it is on a worldwide upturn in consumer demand is not happening fast. lik
italian elections coming up in february, german elections not far behind that, has to be seen whether angela merkel can survive that. does that give you cause for concern? >> there is no question about that. every election that has happened in the last two or three years, the incumbent has been evicted from office. you can worry about angela merkel, our guess is she is doing other than the rest of them and will survive, there's plenty to worry about that is what makes overall the market...
109
109
Dec 28, 2012
12/12
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FBC
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the s&p500 up 15% going through the european crisis and the election. the market charged forward. corporations have cash and money. the pe ratio's 13.5 # times. there's plenty of opportunity in the market, and if you sell into the down market, from time to time, you don't know what happens and when. long term holding, allocation, and diversification. if you have cash on the sidelines and you are brave, great time to invest. ashley: there's bargains out there. if we fall over the cliff, we cut the debt in half; right? >> the best thing that could happen, well, it could be better, but it's a good thing. ashley: concerned what it would do to the economy? >> i don't think there's going to be as much hand wringing. ii don't think we're going overa long cliff. i think that's the really big worry. for a short term thing, it happens for a couple weeks or month or so, but i think that you don't want to sell into the down. it's only recession if we linger, and i don't think that's a really big possibility. there's so much public sentiment about not wanting to linger, and hopefully washingto
the s&p500 up 15% going through the european crisis and the election. the market charged forward. corporations have cash and money. the pe ratio's 13.5 # times. there's plenty of opportunity in the market, and if you sell into the down market, from time to time, you don't know what happens and when. long term holding, allocation, and diversification. if you have cash on the sidelines and you are brave, great time to invest. ashley: there's bargains out there. if we fall over the cliff, we...
86
86
Dec 27, 2012
12/12
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FBC
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now the stocks are back to where it was prior to the election. in my view, there's not much more major harm that the epa and other regulation can do to the coal industry. but certainly as the economy dictates demand, electricity generation and more confidence, that will be more important than say the epa. the epa has done their damage for the most part. you can never say never but i think most of the negative news is behind coal for the epa. ashley: what companies do you like in particular? >> we talked about the thermal coal for electricity generation and metallurgical coal for steel. on the latter we look at alpha natural resources which is the largest exporter of metallurgical coal out of the united states, mass the most export capacity. on the thermal side the two names to be looking at -- ashley: you like these prices? >> yeah, they have come down quite a bit and we do anticipate a recovery in pricing over the next 12, 18 months for the commodities. and on the thermal side, consol energy and arch coal which does benefit from higher natural g
now the stocks are back to where it was prior to the election. in my view, there's not much more major harm that the epa and other regulation can do to the coal industry. but certainly as the economy dictates demand, electricity generation and more confidence, that will be more important than say the epa. the epa has done their damage for the most part. you can never say never but i think most of the negative news is behind coal for the epa. ashley: what companies do you like in particular?...
119
119
Dec 29, 2012
12/12
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CSPAN2
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eye 119
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when i think about elected movements in america, i don't think they were led to elected officials. elected officials respond to the leadership on the ground. that's what we should be doing. when we think about voting conversations to debate, how can we have an entire presidential debate, and seems that the word "poverty" was almost something we shouldn't talk about? something we shouldn't address. i hope we can change the dialogue because i'm a guy who actually likes to do a balance sheet analysis of our country. this is why we have interesting partnerships. the manhattan institute is working with us in newark. it's a balance sheet analysis that every dollar spent on snap creates a multiplier effect in our economy. it creates $1.70 # -- $1.70 of gdp growth. the same idea for kids. direct investments for young people produces a real economic result in the end. if we have a balance sheet analysis, we'll change. i was campaigning for president obama in seattle and was with an amazing support of housing organization there showing they had 23 homeless people. they looked at the medical
when i think about elected movements in america, i don't think they were led to elected officials. elected officials respond to the leadership on the ground. that's what we should be doing. when we think about voting conversations to debate, how can we have an entire presidential debate, and seems that the word "poverty" was almost something we shouldn't talk about? something we shouldn't address. i hope we can change the dialogue because i'm a guy who actually likes to do a balance...
134
134
Dec 24, 2012
12/12
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CSPAN2
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>> well, you know, you get the elected officials you deserve. and they -- and i know this, i'm a politician. they respond to pressure. and they respond to incentives. and unless, so we always push the attention to washington or to trenton, albany or city hall, but we can organize. we have the power to exercise pressure, demands, influence on our elected officials. and so we have to get much more active if we're going to have a society that's going to respond to this enduring problem. the rate of child poverty in the united states of america we should be shamed that a nation this strong has child poverty and that kids in poverty don't have the access to success, good education, few traditionally-fit to learn -- nutritionally-fit to learn, materially ready to learn. and that's the lie, or that's the incompleteness that we have to address. that when kids stand up in certain neighborhoods and kids stand up in more affluent neighborhoods and they say those words, liberty and justice for all, when they pledge allegiance to our flag, that that phrase,
>> well, you know, you get the elected officials you deserve. and they -- and i know this, i'm a politician. they respond to pressure. and they respond to incentives. and unless, so we always push the attention to washington or to trenton, albany or city hall, but we can organize. we have the power to exercise pressure, demands, influence on our elected officials. and so we have to get much more active if we're going to have a society that's going to respond to this enduring problem. the...
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198
Dec 28, 2012
12/12
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MSNBCW
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eye 198
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democrats won the election. but what's weird is at the elite level and the elite level matters in politics. the elite level gets through to politicians in between elections. at the elite level you've got folks in the media, powerful ceos, people who run interest folks, and a lot of these folks, they want to keep up relations on both sides of the aisle, and so they find it safer to blame both sides for not coming together than to blame one side for not allowing any coming together. >> the battle over how to avoid going over the fiscal cliff ramped up today as both sides were long on rhetoric and threats but short on actual movement. >> i think both sides deserve some blame here. >> chris, i'm not certain there's not politics on both sides. >> again, i thinks there's intransigence on both sides. >> with all respect it seems like both sides seem to be we're waiting for them, we're waiting for, this we're waiting for, that but the fact is nothing ever gets done. >> blaming both sides instead of pointing fingers when
democrats won the election. but what's weird is at the elite level and the elite level matters in politics. the elite level gets through to politicians in between elections. at the elite level you've got folks in the media, powerful ceos, people who run interest folks, and a lot of these folks, they want to keep up relations on both sides of the aisle, and so they find it safer to blame both sides for not coming together than to blame one side for not allowing any coming together. >> the...
84
84
Dec 27, 2012
12/12
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MSNBCW
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eye 84
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he still needs to be elected speaker on january 3rd. if you're boehner, you let this thing slide past january 3rd, getting yourself elected, and then do what you have to do. >> will he be stronger in. >> he won't be stronger. there will be about eight more democrats. >> really it's his caucus. >> but he'll be speaker again. if it does it, then you have a couple days to consider -- if he gets reelected and is speaker again, then it's much more trouble to unseed somebody who is already sitting there as the speaker than it is to stop him from running in the first place. >> if i could add to what ryan is saying, the only thing is he'll be proposing to his caucus a tax cut. everybody changes on january 3rd. you're no longer talking about some people getting a tax increase. harry reid and john boehner for instance said -- the speaker saying the senate should take it up. harry reid is speaking on the floor. let's take a listen. >> because americans' taxes are approaching the wrong direction come the first of this year, americans will have less
he still needs to be elected speaker on january 3rd. if you're boehner, you let this thing slide past january 3rd, getting yourself elected, and then do what you have to do. >> will he be stronger in. >> he won't be stronger. there will be about eight more democrats. >> really it's his caucus. >> but he'll be speaker again. if it does it, then you have a couple days to consider -- if he gets reelected and is speaker again, then it's much more trouble to unseed somebody...